State of New Jersey Common Pension Fund D Sells 25,251 Shares of Fomento Economico Mexicano SAB (NYSE:FMX)

State of New Jersey Common Pension Fund D reduced its stake in Fomento Economico Mexicano SAB (NYSE:FMX) by 9.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 240,154 shares of the company’s stock after selling 25,251 shares during the period. State of New Jersey Common Pension Fund D owned 0.07% of Fomento Economico Mexicano SAB worth $23,235,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in FMX. Atlas Capital Advisors LLC bought a new position in Fomento Economico Mexicano SAB in the first quarter worth about $29,000. Marshall Wace LLP bought a new position in Fomento Economico Mexicano SAB in the first quarter worth about $36,000. Icon Wealth Partners LLC bought a new position in Fomento Economico Mexicano SAB in the first quarter worth about $46,000. TCG Advisors LP bought a new position in Fomento Economico Mexicano SAB in the first quarter worth about $46,000. Finally, Rehmann Capital Advisory Group raised its stake in Fomento Economico Mexicano SAB by 32.7% in the first quarter. Rehmann Capital Advisory Group now owns 548 shares of the company’s stock worth $51,000 after buying an additional 135 shares in the last quarter. 20.84% of the stock is owned by institutional investors.

Separately, ValuEngine raised shares of Zumiez from a “sell” rating to a “hold” rating in a research note on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $100.00.

FMX stock traded down $1.57 during trading on Tuesday, reaching $91.68. The company had a trading volume of 17,271 shares, compared to its average volume of 271,646. Fomento Economico Mexicano SAB has a 52 week low of $80.86 and a 52 week high of $101.12. The stock has a market cap of $32.78 billion, a P/E ratio of 26.53, a P/E/G ratio of 1.58 and a beta of 0.64. The business’s 50 day moving average price is $96.28. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.12 and a current ratio of 1.39.

Fomento Economico Mexicano SAB (NYSE:FMX) last announced its earnings results on Friday, April 26th. The company reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.30). Fomento Economico Mexicano SAB had a net margin of 4.72% and a return on equity of 6.91%. The business had revenue of $6.04 billion for the quarter. Analysts forecast that Fomento Economico Mexicano SAB will post 3.65 earnings per share for the current year.

Fomento Economico Mexicano SAB Profile

Fomento Económico Mexicano, SAB. de C.V., through its subsidiaries, operates as a bottler of Coca-Cola trademark beverages. The company produces, markets, and distributes Coca-Cola trademark beverages, including sparkling beverages; and waters, juices, coffee, tea, sports and energy drinks, and dairy and plant-based protein beverages.

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Institutional Ownership by Quarter for Fomento Economico Mexicano SAB (NYSE:FMX)

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